The federal budget deficit for 2019 is estimated at $984 billion

U.S. 10/07/19, 21:11

The federal deficit rose to $984 billion in fiscal year 2019, an increase of $205 billion, the Congressional Budget Office (CBO) estimated on Monday, Oct. 7. Relative to the size of the economy, the deficit—at an estimated 4.7% of gross domestic product (GDP)—was the highest since 2012, and this year was ...

Art of the budget deal: Trump, Pelosi agree to up spending and debt

Politics 07/22/19, 22:14

When President Donald Trump begrudgingly signed a budget deal he called “ridiculous” in order to get increases for the military budget, he asserted: “I’m not going to do it again.”  That was 16 months ago.  Now, the Trump administration and House Democrats reportedly have reached a deal to suspend the debt limit temporarily ...

House Democrats pursue a reckless spending deal, not a budget

Politics 04/08/19, 21:46

Democrats are trying to put the last nail in the coffin of the Budget Control Act of 2011, one of the few remaining semblances of fiscal restraint left in Washington. This week, the House likely will vote on a plan to raise the law’s discretionary spending caps by at least $357 ...

New US military budget focused on China despite border talk

Politics 03/16/19, 01:24

Chinese bombers. Chinese hypersonic missiles. Chinese cyberattacks. Chinese anti-satellite weapons. To a remarkable degree, the 2020 Pentagon budget proposal is shaped by national security threats that Acting Defense Secretary Patrick Shanahan has summarized in three words: "China, China, China." The U.S. is still fighting small wars against Islamic extremists, and Russia remains ...

Update: Trump 2020 budget seeks $8.6B for wall

Politics 03/11/19, 07:49

The Latest on President Donald Trump's proposed 2020 budget (all times local): 8:25 a.m. President Donald Trump's budget chief confirms that the president will ask Congress for $8.6 billion for his proposed wall along the U.S. border with Mexico as part of his 2020 budget proposal. Russ Vought, the acting director of the ...

Trump reviving his border wall fight with new budget request

Politics 03/11/19, 05:50

WASHINGTON (AP) — President Donald Trump is reviving his border wall fight, preparing a new budget that will seek $8.6 billion for his signature project, impose steep spending cuts to other domestic programs, and set the stage for another fiscal battle. Budget documents like the one the president is releasing Monday, ...

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